Nice to see someone try this. I wrongly thought Apple might do this with their laptops before the iPad was officially announced. Too bad this is so ugly and oddly bulky-looking, though.
That looks bulky, but I'm pretty sure it's the future of laptops/netbooks/tablets. You can fold it up to protect the screens, whereas an iPad is perpetually at risk.
Also, reminds me of the Microsoft Courier concept (which was actually pretty badass).